Traders Purchase High Volume of Cameco Call Options (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the target of some unusual options trading on Thursday. Investors purchased 384,705 call options on the stock. This is an increase of approximately 1,490% compared to the average volume of 24,198 call options.

Institutional Trading of Cameco

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in shares of Cameco by 21.6% during the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after purchasing an additional 4,865,085 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 15,711,083 shares of the basic materials company’s stock valued at $677,148,000 after purchasing an additional 162,569 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cameco by 6.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock valued at $581,558,000 after purchasing an additional 869,404 shares during the last quarter. Morgan Stanley raised its stake in Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after acquiring an additional 428,310 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Cameco by 74.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock worth $227,365,000 after acquiring an additional 2,442,190 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 0.3 %

Shares of NYSE CCJ opened at $49.31 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $21.41 billion, a PE ratio of 82.18 and a beta of 0.92. The stock’s fifty day simple moving average is $44.43 and its two-hundred day simple moving average is $43.93. Cameco has a 12-month low of $25.72 and a 12-month high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The business had revenue of $620.00 million for the quarter. As a group, analysts expect that Cameco will post 1.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CCJ. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group began coverage on Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.75.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.